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QuikBIZ Internet Group Posts Record Sales for Second Quarter '98

QuikBIZ Internet Group Inc. said it recorded sales of $560,028 for the second quarter of 1998, against no revenue during the same period for 1997.

Sales for the six-month period ending June 30 equaled $840,724, against zero revenues for the same period 1997. The company reported a profit of $10,074 for the period.

QuikBIZ Internet Group is an Internet related holding company that operates several subsidiaries including: QuikLAB Multimedia Centers Inc.; The Smith Agency; and Q-BIZ Business Centers.

"I am pleased to report our corporate strategy for bringing QuikBIZ Internet Group to new sales heights and profitability is on course," said David Bawarsky, CEO of QuikBIZ Internet Group. "Our recent acquisition of QuikLAB Multimedia Centers and our other subsidiaries will further enhance our corporate sales and profitability for the second half of 1998. We will continue to seek out additional opportunities through acquisitions and mergers."

QuikBIZ said it previously signed an investment banking agreement with M.H. Meyerson & Co. to assist QuikBIZ Internet Group in seeking acquisitions, mergers and capital for expansion.

QuikBIZ's corporate strategy is to provide businesses with "one-stop" solutions for corporate communications, sales, marketing, training, advertising and public relations. The company said its goal is to become a "name brand" entity in the corporate communications service business.